Wizz Air Holdings Plc (WIZZ) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to this event. So this is reporting the first half results of fiscal 26. Could you move to the next slide, please? So I would say that we start seeing some sunshine and certainly good decisions for the future, waiting to see the impacts coming through. So with regard to the sunshine, I think what the first half results demonstrate is that under circumstances when we are near efficient actually business produces very strong results in terms of operating kpis in terms of financial outputs we are still not fully efficient given the groundings of aircraft some of the inherent inefficiencies in the in the system but we did a lot better than in previous years. As a result, you can see a significant increase on capacity, passengers, revenue, and profit. In terms of decisions made, we're seeing that we have affected the major challenges of the business for the rest of the structure. We have communicated the closing of Visar Abu Dhabi, that effectively has been happening. It is pretty much a done deal. then we communicated that we would be seeking a reset with regard to the act of delivery stream with Airbus. That deal is now in place. It has been decided and I think it's a good deal. It is appropriate to addressing a number of things. One is the deliverable growth rate of the business taking some risks out of the profile of of the setting uh reducing the growth rate to around 10 to 12 percent and let's not forget that 10 to 12 still makes wizard the fastest growing airline in europe which which we are proud of uh but it is a more manageable magnitude of growth than uh previously a set and and very importantly it takes into account the cycle of the platinum between groundings and on groundings uh because that uh created a significant hiccup to the um uh to the uh flee...